In 2016-17, there has been decline of coal stocks at pitheads the top of a mining pit or coal shaft of Coal India Limited (CIL) as well as at power plants, said union minister Piyush Goyal.
Billionaire metals maven Anil Agarwal made a surprise bid for as much as 13% of British mining giant Anglo American Plc for $2.4 billion, a move that will give him a foot in the door of the $23-billion conglomerate, which is larger than his Vedanta Resources.
The Modi government is preparing to launch commercial coal mining in India for the first time in over four decades. For the mines to be auctioned, pricing will be left to the companies, Coal Secretary Susheel Kumar tells Debapriya Mondal in an exclusive interview. Edited excerpts..
Gujarat-based conglomerate Adani Group witnessed protest from a high-profile Australian delegation against its much talked about $ 11.5 billion Carmichael Coal Project that too at its corporate office in Ahmedabad on Thursday.
Cricket legends Ian and Greg Chappell are among 90 prominent Australians who have signed an open letter calling on Indian energy giant Adani to abandon its controversial coal mine project in Queensland
What’s more important? The fact the Coal India will once again miss its annual output target, or that it will produce over 31 million tonnes more than it did the previous year?
Indian sponge iron or direct reduced iron (DRI) manufacturers are facing an acute shortage of iron-ore despite the government liberalising norms for the allocation of iron
As many as 222 mineral blocks are in the pipeline for auction in 2017-18. While all these blocks could be potentially auctioned
Boards of three subsidiaries of state-run Coal India Limited have slashed valuations of the shares of these companies by at least 75% over the values declared earlier this month.
Power companies that win coal contracts with the Coal India Ltd (CIL) in the forthcoming auctions will have to ensure that they sign long and medium-term contracts for power supply with discoms within two years.